As we gave a watch to Motor Trend’s inaugural Wide Open Throttle news video hosted by the lovely Jenni Lang, our ears absorbed some tragic news that we certainly hope is not true. According to Motor Trend intel, the Cadillac ATS Wagon has joined the ATS Convertible in the forsaken realm of cancelled projects. What’s worse is that the future of the ATS Coupe is even in jeopardy, as insiders claimed the variant has been “delayed.” At one point, the ATS was slated to offer sedan, coupe, wagon and convertible variants.
Why the sudden change in course? Apparently “New GM” is pulling an “Old GM” move, sacrificing future products for gains in its balance sheet, and thus hopefully gains in its stock trading price. The reason for this is that the Treasury wants to sell its ownership of the company just as much as everybody else wants it to, but doesn’t seem to be up for it with the stock price being what it is. Roughly a year ago, GM was trading at nearly $40 a share, now it’s closer to $20 a share. You can watch Motor Trend’s WOT video just below.